The Money Show

The Money Show episodes:

• 04.22.2024

  Court rejects Transnet tender to fraud-accused firm, awards it to another; Why the rand is back above R19 to the dollar

  Carol Paton, writer-at-large at Fin24, discusses with host Bruce Whitfield the uncommon decision by the court to intervene in Transnet's tender award process. Transnet had initially awarded a tender for crucial port equipment to a company facing trial for defrauding...

  
• 04.19.2024

  ANC leadership under fire amid post-election uncertainty; Friday File: Exclusive cars, inspired by SA, made in the UK

  Following the May 29th vote, the ANC's top brass faces scrutiny as a variety of polls outline differing futures for South Africa.  Daniel Silke, director at Political Futures Consultancy  says with the ANC hovering near 50%, concerns mount over a potential shift...

  
• 04.18.2024

  Here's why the Western Cape outpaces the rest of the country in job creation; Executive pay: Tesla is again seeking to award boss Elon Musk the biggest pay deal

  A Labour Market Intelligence study shows the Western Cape consistently exceeds national job demand, crucial for South Africa's growth. Despite Covid-19 challenges, the province's job market, especially in finance, construction, and agriculture, rebounds. Also, the study notes widespread education-job mismatches...

  
• 04.17.2024

  Inflation drops to 5.3% from February's 5.6%, surprising some economists; Cloud seeding and the massive weather system that has brought chaos in Dubai

  Inflation drops to 5.3% from February's 5.6%, surprising some economists; Cloud seeding and the massive weather system that has brought chaos in Dubai Daan Steenkamp, CEO at Codera Analytics, suggests South Africa may require updated inflation measures and models. Inflation fell...

  
• 04.16.2024

  Why the world’s biggest economies are growing better than expected; PrivySeal brings verified symbols to CVs

  Isaah Mhlanga,  chief economist at RMB, and host Bruce Whitfield discuss why the two world’s largest economies are performing better than anticipated.  Given recent instances of high-profile individuals falsifying their qualifications, concerns have arisen regarding the efficacy of companies' verification procedures...

  
• 04.15.2024

  Bloody nose for MultiChoice in sports fight with eMedia; Constitutional Court’s landmark ruling a feat for Capitec vs Sars

  Duncan McLeod, the founder and editor of Techcentral, joins host Bruce Whitfield to examine the interim relief granted to eMedia by the Competition Tribunal in its dispute with MultiChoice regarding sublicensed sports on Openview.   The Constitutional Court's pivotal ruling in favour...

  
• 04.12.2024

  US legislators aim to prolong AGOA, Africa trade pact, until 2041; A new capex supercycle is on the way

  Lumkile Mondi, Senior Lecturer at Wits Business School, and Stavros Nicolaou, Member of the SA BRICS Business Council, joins host Motheo Khoaripe to delve into the topic of US lawmakers' efforts to extend the African Growth and Opportunity Act (AGOA),...

  
• 04.11.2024

  Mining sector bleeds more jobs, with Sibanye Gold announcing it will shed 4000 more miners; Businesses paid hefty e-toll fees. What happens now that they are scrapped

  Peter Major, a mining expert and the director of mining at Modern Corporate Solutions, along with Mothe Khoaripe, explores the potential job cuts at Sibanye as part of its gold operations restructuring. The mining company has already reduced its workforce...

  
• 04.10.2024

  SARB might lower its 3-6% inflation target, with implementation date before 2025; Gauteng's water woes: Delays in Mega Project spell five more years of disruptions

  George Glynos, head of Research at ETM Analytics on Lesetja Kganyago, governor of the South African Reserve Bank (SARB), reiterating his stance on lowering the country’s inflation target, stressing its importance in preserving purchasing power. The SARB, under his leadership,...

  
• 04.09.2024

  This is why the governing party’s election jobs promise is stunningly inadequate; Sneaker Shack closes deal with Virgin Active

  Ann Bernstein, CDE Executive Director, and host Motheo Khoaripe critique the ruling party's election promise of 3.5 million "work opportunities," revealing it would only generate 300,000 low-wage jobs over five years, indicating a lack of ambition in addressing unemployment. Lolo Ndlovu,...

  
• 04.08.2024

  French media giant, CANAL+ offers R54 billion in Multichoice takeover deal. How I Make Money with Sam “Tech Girl” Wright , Esports shoutcaster

  Duncan McLeod, Founder and Editor at Techcentral, discusses Canal+'s firm offer for MultiChoice, the owner of DStv, considering a secondary listing on the JSE.   Evan Walker, Portfolio Manager at 36ONE Asset Management, engages in a discussion with Motheo Khoaripe about the...

  
• 04.05.2024

  What you need to know about China’s gravest economic test; For Friday File: Luxury Cigars - reviewing Aganorsa Leaf Cigar

  Hilary Joffe, columnist and editor-at-large at Business Day discusses the recent data from Sars and Stats SA offering insights into emigration, spotlighting a growing diaspora of over 900,000 individuals with Motheo Khoaripe. While illuminating, the findings underscore the complexities of migration...

  
• 04.04.2024

  Harmony Gold signs five-year wage deal with trade unions; Investment School: commodities - investing in miners versus direct exposure through ETFs

  Peter Major, an esteemed mining expert and director of mining at Modern Corporate Solutions, joins host Motheo Khoaripe in exploring the recent development of Harmony Gold signing a five-year wage deal with trade unions. They delve into the implications this...

  
• 04.03.2024

  Mapisa-Nqakula resigns as National Assembly Speaker amid corruption allegations; Why SA’s policy uncertainty index edges up ahead of election?

  Mpumelelo Mkhabela, independent political analyst on Nosiviwe Mapisa-Nqakula stepping down as National Assembly Speaker amid graft allegations, citing a commitment to preserving the integrity of South Africa's parliamentary system. Prof Raymond Parsons economist at NWU Business School on South Africa's policy...

  
• 04.02.2024

  The Taxman rakes in nearly a whooping R10bn more than estimated; KEA Foundation backs emerging market EV push with $100 million grant

  SARS' compliance efforts led to record revenue of R2.155 trillion despite economic challenges. The Compliance Programme contributed R293.7 billion, with successful litigation and a broadened tax base. Commissioner Edward Kieswetter emphasised to Bruce Whitfield that partnerships and technology is key...

  
• 03.28.2024

  Daniel Kahneman, renowned psychologist and Nobel prize winner, dies at 90; The profiteering game: why restaurants have unjust wine markups

  Deon Gouws, chief investment officer at Credo and Ian Mann, regular book reviewer and MD at Gateways Business Consultants  pay tribute to renowned psychologist and Nobel prize winner, Daniel Kahne man, who died at the age of 90. Daniel Kahneman...

  
• 03.27.2024

  CEO of old Mutual earnings rise on strong new business flows; MPC decides to keep rates unchanged at 8.25%

  Iain Williamson,  chief executive of Old Mutual and Bruce Whitfield delve into the group’s annual results. Old Mutual declared a final dividend of 49 cents a share after tax profit attributable to shareholders rose 35% to R7.07 billion.  As expected, interest rates were...

  
• 03.26.2024

  EOH profits sink as Stephen van Coller exits the building and high cocoa prices squeezing chocolatiers as cocoa is more expensive than copper as it tops $9,000

  Stephen van Coller, the outgoing CEof EOH and Bruce Whitfield delve into the half-year results - the group's revenue declined to R3.1 billion from R3.2 billion during the same period in 2023. EOH has been under Van Coller’s guidance as...

  
• 03.25.2024

  MTN's annual profits plummet due to the significant impact of the depreciating naira; Damelin, CityVarsity and Lyceum colleges deregistered and in How I Make Money with Charlene Archibald, Crime Scen

  Ralph Mupita, the CEO of MTN Group, Africa's leading telecommunications provider, discusses the company's full-year financial results with Bruce Whitfield. The latest numbers reveal a sharp decline in earnings for the full year of 2023, attributed to the significant volatility...

  
• 03.22.2024

  Telkom sells Swiftnet for an enterprise value R6.75 billion; Why South Africans cannot keep paying for Transnet’s mismanagement or state capture

  Serame Taukobong, group CEO at Telkom tells Ray White about the decision behind the sale of their subsidiary Swiftnet for R6.75 billion. Swiftnet, is a key player in the South African market, owning around 4000 installations of masts, towers and...

  
• 03.21.2024

  Ex-Steinhoff CEO Markus Jooste reportedly took his own life during an arrest. Small Business Focus - The necessity of start ups

  Rob Rose, Former Editor of Financial Mail and the author of Steinheist discusses the controversial business deeds of Ex-Steinhoff CEO Markus Jooste. He was hit with R475m penalty for contravening sections of FMA and a day later reportedly shot himself...

  
• 03.20.2024

  Inflation hits 5.6% in February, highest since October, dashing rate-cut hopes; Craig Newborn, founder & CEO of PayJustNow company was our shapeshifter

  Johann Els, group chief economist at Old Mutual tells Ray White that the increase in CPI, exceeding expectations, was partly driven by a more than 30% rise in egg prices over the year to February 2024.   Adrian Gore, founder & group...

  
• 03.19.2024

  Inflation expectations take a dive: rate cuts on the horizon, analysts say 'cheers'!; Meat alternatives gain momentum as Bezos Earth Fund injects $60 million into sustainable proteins

  Inflation expectations drop in Q1 of 2024, signalling potential rate cuts. Bruce Whitfield chats to Nicolaas van der Wath, economist at the Bureau for Economic Research about inflation dropping, signalling potential rate cuts. Analysts see sub-5% inflation, while business and unions...

  
• 03.19.2024

  Inflation expectations take a dive: rate cuts on the horizon, analysts say 'cheers'!

  Inflation expectations drop in Q1 of 2024, signalling potential rate cuts. Bruce Whitfield chats to Nicolaas van der Wath, an economist at the Bureau for Economic Research about inflation dropping, signalling potential rate cuts. Analysts see sub-5% inflation, while business...

  
• 03.18.2024

  Blue-chip companies, JSE, STADIO and Sun International’s CEO discuss the economy and annual financial results. More South African companies face inevitable business rescue and liquidation in 2024.

  In 2023, despite tough markets, the Johannesburg Stock Exchange (JSE) showed strong revenue growth, with HEPS up 12.2% and NPAT up 11%. This reflects JSE's resilience and adaptability, achieving a 19.4% return on equity. CEO Leila Fourie credits this success...

  
• 03.15.2024

  Barneys Army Rallies for injured rugby heroes at the Absa Cape Epic

  John Smit, the South African former professional rugby player and founder of Barney's Army, on taking on the Absa Cape Epic to raise money for people who have been injured while playing rugby.   Tina Venter, executive for marketing operations at Absa...

  
• 03.14.2024

  Massive Internet problems in South Africa. Standard Bank & Exxaro Resources' executives on the economy and thief financial results

  •    Multiple subsea cable breaks causing internet chaos in South Africa.  Arthur Goldstuck, Founder and CEO at World Wide Worx explains the widespread problems are affecting the internet in the country.  •    Sim Tshabalala, CEO at Standard Bank Group...

  
• 03.13.2024

  TFG teams up with JD Sports to dominate SA’s sportswear scene. Wally Adeyemo, US Deputy Secretary of the Treasuryon US/Sa economic relations

  TFG partners with JD Sports Fashion to dominate South Africa's sportswear market, amidst a sustained demand for casual wear post-pandemic. This move amplifies TFG's competition with global brands like Nike and local players such as Studio 88, aligning with JD...

  
• 03.12.2024

  Infrastructure Credit Fund to promote inclusive economic growth in South Africa; Discovery’s vitality on helping habit formation and improving mortality

  Alastair Herbertson, MD of EM alternative credit at Ninety One on the asset management company’s infrastructure credit fund financing key South African projects in sectors like power and rail to boost sustainable economic growth, with over 80% of investments targeting...

  
• 03.11.2024

  Has dollar dominance finally cracked? And what local banks earning say about the economy

  Andre Cilliers, director and currency strategist at TreasuryONE tracks the dollar’s superpower.    And after Absa’s mixed financial results, Kokkie Kooyman, executive director & portfolio manager at Denker Capital on what local banks earnings say about the economy    In How I Make Money, Johan Van Jaarsveld​​​​, Managing...

  
• 03.08.2024

  Bitcoin hit an all-time high above $69,000. Friday File - The state of luxury vintage cars in SA

  Hywel George, director of Investments at Old Mutual Investment Group on why Bitcoin hit an all-time high above $69,000, from a relatively recent low of $16,000 on our Money Show Explain. Chris Bishop, business journalist on Ukraine to expand grain deliveries...

  
• 03.07.2024

  Safair's foreign ties under fire; but SA’s airline licensing too restrictive. South Africa is in a per capita recession.

  Safair, commanding 60% of South Africa's domestic air travel and expanding regionally, faces a critical investigation over allegations of breaching local shareholding laws. Guy Leitch, Editor at SA flyer Magazine says although competitors have a basis for their complaint, the...

  
• 03.06.2024

  Ransomware infestation unveiled: CIPC hacked for three-years, cover-up exposed, demanding $100,000 ransom; South Africa's platinum mining sector faces crisis

  Jan Vermeulen, editor at Mybroadband on the chilling revelation of a ransomware group's claims to have infiltrated the Companies and Intellectual Property Commission (CIPC) since 2021, exposing the agency's alleged cover-up of a breach three years ago.      Peter Major, mining analyst...

  
• 03.06.2024

  Milkor launches biggest UAV drone built on the continent, which can 'revolutionise SA’s defence industry'

  Milkor, a global defence solutions provider, proudly presents the Milkor 380 – Africa's largest locally developed unmanned aerial vehicle (UAV) - an aircraft that carries no human pilot or passengers. With an impressive 35-hour endurance, it excels in Border Surveillance, Maritime...

  
• 03.06.2024

  SA’s economy is in a “per capita recession” as population increase outsrip GDP growth

  See omnystudio.com/listener for privacy information.

  
• 03.06.2024

  Market Commentary

  Chris Steward | Portfolio Manager at Ninety-One See omnystudio.com/listener for privacy information.

  
• 03.06.2024

  Ransomware infestation unveiled: CIPC hacked for three years, cover-up exposed, demanding $100,000 ransom

  In a chilling revelation, a ransomware group claims to have infiltrated the Companies and Intellectual Property Commission (CIPC) since 2021, exposing the agency's alleged cover-up of a breach three years ago. The hackers assert control over the agency's systems, unveiling...

  
• 03.05.2024

  South Africa’s economy scrapes by with 0.1% growth at the end of 2023; Shoprite outperforms the market five years in a row

  Lesetja Kganyago, SA Reserve Bank’s Governor on the performance of the country's economy.      Pieter Engelbrecht, CEO at Shoprite on its group's sales outpacing the rest-of-market growth in South Africa, as its core business segment sales surged by 14.6%, reflecting an extra...

  
• 03.04.2024

  Bidvest surprises with results, as it records double-digit profit amid economic headwinds; in business book feature, co-author of Who will Rule South Africa? Adriaan Basson

  Mpumi Madisa, CEO at Bidvest Group discusses how the company was able to be resilient in a tough trading environment; characterised by high inflation, peak interest rates and minimal underlying economic growth, while being able to record significant interim financial...

  
• 03.01.2024

  Low cost airline Mango finds a suitor despite efforts by Gordhan to derail any deal

  Hein Kaiser, journalist at the Citizen gives an update on the sale of low cost airline, Mango.    On The Money Show Explainer, Wandile Sihlobo, author and agricultural economist on SA and Saudi Arabia partnering for agricultural exports.   For Friday, Danielle Towsen, head...

  
• 02.29.2024

  FirstRand makes waves with 6% interim profit surge and sweetened dividends; Santam shows off dividends and dumps loss-making deals and why you should beware of the two-pot retirement system.

  Allan Pullinger, CEO at FirstRand, South Africa's largest lender, on reporting a 6% rise in half-year earnings, reaching R19.1 billion, driven by strong net interest income growth.     Wikus Olivier, Chief Financial Officer at Santam tells Bruce Whitfield that, despite challenges like...

  
• 02.28.2024

  Woolworths delivers double-digit profit growth in SA, in tough macro-economic environment; SARS pursues Sasfin for billions in Gold Leaf Tobacco money laundering scandal

  Woolworths SA’s CEO Roy Bagattini takes Bruce Whitfield through the company's annual results. The retailer reported strong growth with a 5.4% increase in turnover, driven by a standout performance in the Food business. Despite economic challenges, Woolworths SA is making...

  
• 02.28.2024

  Sasol's gas cut-off threatens to derail SA's industrial engine, putting jobs and economic growth at risk

  Jaco Human, CEO of IGUA-SA discusses South Africa being in a severe gas shortage by 2026 as Sasol ends supplies, jeopardizing thousands of jobs and the economy. IGUA-SA demands urgent government action to develop alternative LNG infrastructure near Maputo, highlighting...

  
• 02.27.2024

  Investigation launched into falsified credentials of leading SA investment industry figure; Bitcoin blasts past $57 000 levels amid investor demand – an all-time high

  Sikonathi Mantshantsha, Journalist at News24 and Andrew Woodburn managing director at Amrop WoodburnMann discuss a South African investment firm, Summit Africa, with assets of R1.6 billion, being  embroiled in controversy. As co-founder and investment principal Langalezwe Madonko has admitted to...

  
• 02.26.2024

  Sasol hit by 34% decline in half-year profit; Marc spearheads Mimecast's next chapter in cybersecurity and Jonathan Acutt to reveal secrets of 165-year real estate legacy on 'How I Make Money’.

  Sasol hit by 34% decline in half-year profit Fleetwood Grobler, outgoing president and CEO at Sasol on the company’s half-year profit plummeting by 34% due to weaker oil prices and higher costs, leading to a reduced dividend and a 5% fall...

  
• 02.23.2024

  An 80-year old attorney faces a criminal investigation after swindling R39m for nearly five years

  Kyle Cowan, an investigative journalist at News24, delves into how attorneys manage trust accounts in the wake of an incident where an 80-year-old lawyer embezzled millions from one.   In Our Money Show Explainer, Michael Sachs, adjunct professor at Wits answered what...

  
• 02.22.2024

  Anglo American alarmed by 94% plunge in its annual profit

  Duncan Wanblad, CEO of Anglo American on falling prices of metals, and what it means for the business.   Meryl Pick, portfolio manager at Old Mutual Investment Group on whether the Ackerman era is coming to an end as Pick n Pay...

  
• 02.21.2024

  Finance minister Enoch Godogwana’s 2024 budget in a nutshell.

  Duncan Pieterse, director-general of the National Treasury of South Africa; Edward Kieswetter, commissioner at South African Revenue Service and Gina Schoeman, economist at Citi Bank give meaning to 2024’s budget.    Arthur Goldstuck, founder and CEO at World Wide Worx on how...

  
• 02.20.2024

  Kumba Iron Ore plans to cut jobs as Transnet crisis hits output

  Mpumi Zikalala, CEO at Kumba Iron Ore on how the troubled Transnet has impacted business; and their plans to help fix logistics issues.   George Glynos, head of research at ETM Analytics on SA’s unemployment rate ballooning to 32.1% in Q4 of...

  
• 02.20.2024

  The Best Age to Sell Your Car

  In this archival 'Money Show' interview Mike Wills in for Bruce Whitfield speaks to late South African economist Mike Schussler about when is the best time to sell your car. See omnystudio.com/listener for privacy information.